AptarGroup Inc (ATR)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.29 | — | — | — | 0.17 | — | — | — | 0.25 | — | — | — | 8.30 | — | — | — | 10.30 | — | — | — | |
| Number of days of payables | days | 1,260.77 | — | — | — | 2,134.08 | — | — | — | 1,431.66 | — | — | — | 43.97 | — | — | — | 35.43 | — | — | — |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.29
= 1,260.77
The number of days of payables for Aptargroup Inc. in Q4 2023 was 53.92 days, indicating that, on average, the company takes approximately 53.92 days to pay its suppliers and vendors. This figure remained relatively stable compared to the previous quarter at 54.16 days in Q4 2022. A lower number of days of payables can suggest that the company is paying its bills more quickly, while a higher number may indicate that the company is taking longer to settle its payables, potentially affecting its cash flow and liquidity position. It is important to monitor changes in the number of days of payables over time to assess Aptargroup Inc.'s efficiency in managing its payment obligations.
Peer comparison
Dec 31, 2023